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Dec 31, 2012
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that would hurt our economy badly. we can get that done. democrats and republicans both say they don't want taxes to go up on middle class families. that's something we all agree on. if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. and we're then going to have some tough negotiations in terms of how we continue to reduce the deficit, grow the economy and create jobs. >> if the fight comes back -- i want to ask you specifically about entitlements, medicare and social security, are you prepared in the first year of your second term, to significantly reform those two programs, to go beyond the cuts you've suggested to benefits in medicare, which your own debt commission suggested you'd have to do if you were really going to shore up medicare at least. are you prepared to do that in your first year of the second term? >> what i've said is i'm prepared to do everything i can to make sure that medicare and social security are there not just for this generation but for future generations. >> you
that would hurt our economy badly. we can get that done. democrats and republicans both say they don't want taxes to go up on middle class families. that's something we all agree on. if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. and we're then going to have some tough negotiations in terms of how we continue to reduce the deficit, grow the economy and create jobs. >> if the fight comes back -- i want to ask you specifically about...
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Dec 30, 2012
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they believe that the economy grows best from the middle class out. and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%. we are willing to compromise in a serious way in order to solve problems as opposed to being worried about the next election. >> you said that republicans have a hard time saying yes, particularly to you. >> yes. >> what is it about you, mr. president, that you think is so hard to say yes to? >> that's something that you're probably going to have to ask them, because, david, you follow this stuff pretty carefully. the offers that i've made to them have been so fair that a lot of democrats get mad at me. i mean, i offered to make some significant changes to our entitlement programs in order to reduce the deficit. i offered not only $1 trillion -- over $1 trillion in spending cuts over the next ten years, but these changes would result in even more savings in the next ten years and would solve our deficit problem for a decade. they say that t
they believe that the economy grows best from the middle class out. and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%. we are willing to compromise in a serious way in order to solve problems as opposed to being worried about the next election. >> you said that republicans have a hard time saying yes, particularly to you. >> yes. >> what is it about you, mr. president, that you...
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Dec 30, 2012
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and secondly, that's a lot of mop e ey -- money sucked out ofe economy. so this is a very serious consequence. it is, by the way, why i still think there is going to be a deal on the cliff. i think on the republican side, they know that the only way to contain the tax increase that would come full force if we go over the cliff is to make a deal now. because it will be harder for them to deal after the clinton tax rates all come back. they also realize they're probably going to take most of the blame. but on the democratic side, there is a real interest in protecting all of those vulnerable people, plus the middle class people on the amt. and the last thing president obama wants is something that will stop what looks like a reasonably steady economic growth that we're having right now. this coming year could be a very good year for us if we don't let all this political nonsense get in the way. >> it's hard to imagine how it doesn't. you look at the record, and we talked about it, of this congress. fewer bills passed of any since they've been keeping record
and secondly, that's a lot of mop e ey -- money sucked out ofe economy. so this is a very serious consequence. it is, by the way, why i still think there is going to be a deal on the cliff. i think on the republican side, they know that the only way to contain the tax increase that would come full force if we go over the cliff is to make a deal now. because it will be harder for them to deal after the clinton tax rates all come back. they also realize they're probably going to take most of the...
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Jan 2, 2013
01/13
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this is about jobs in the economy, a $40 billion tourism business! >> that was congressman peter king, amongst other lawmakers from new jersey and new york outraged after house speaker boehner pulls an expected vote on hurricane sandy relief. congressman king joins me next. kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. a great clean doesn't have to take longer. i'm done. i'm gonna read one of these. i'm gonna read one of these! [ female announcer ] unlike sprays and dust rags, swiffer 360 duster's extender gets into hard-to-reach places without the hassle. so you can get unbelievable dust pickup in less time without missing a thing. i love that book. can you believe the twin did it? ♪ swiffer. great clean in less time. or your money back. >>> right now wall street is cheering the fiscal cliff deal with a huge rally. the dow is up 229 points after soaring 166 points on monday in anticipation of the
this is about jobs in the economy, a $40 billion tourism business! >> that was congressman peter king, amongst other lawmakers from new jersey and new york outraged after house speaker boehner pulls an expected vote on hurricane sandy relief. congressman king joins me next. kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. a great clean...
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Dec 30, 2012
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i think people will say that makes sense because that's what the economy needs right now. one way or another we'll get through this. >> it kind of sounds like the president is prepared for this to go into next year, and if it does, who do you think gets the blame? >> well, call it instead of democrats plan "b" call it plan "c" for cliff because i think democrats for a while have held the upper hand on these fiscal cliff negotiations because what is it all mean? this is about taxes for democrats, and the bush tax cuts expire at the end of this year, and, look, they are saying republicans are going to come back and say we don't want taxes to go up for those, you know, making less than $250,000 a year or more, so they will come back at the beginning of the year and propose something that can get done. you heard chuck schumer who happens to be reid's top lieutenant say the same thing on "meet the press" last week, so i think that that's what democrats see as their leverage and their fallback. now, republicans see the debt ceiling as their leverage which is a tricky game. >> we
i think people will say that makes sense because that's what the economy needs right now. one way or another we'll get through this. >> it kind of sounds like the president is prepared for this to go into next year, and if it does, who do you think gets the blame? >> well, call it instead of democrats plan "b" call it plan "c" for cliff because i think democrats for a while have held the upper hand on these fiscal cliff negotiations because what is it all mean?...
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Jan 1, 2013
01/13
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economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours from now. republican leader mitch mcconnell said the process wasn't pretty but it got the job done. >> each of us could spend the rest of the week discussing what a perfect solution would have looked like, but the end result would have been the largest tax increase in american history. so, it took an imperfect solution to prevent our constituents from a very real financial pain, but in my view, it was worth the effort. >> so, here's what in that imperfect bill. tax rates will rise for individuals making over $400,000 and couples making more than $450,000. high-end rates for the estate tax and the capital gains tax will rise. all of those elements will be made permanent. in addition, the alternative minimum tax, which is patched every year, will be fixed permanently. several tax credits, including ones for children, college tuition and earned income, will be extended for f
economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours from now. republican leader mitch mcconnell said the process wasn't pretty but it got the job done. >> each of us could spend the rest of the week discussing what a perfect solution would have looked like, but the end result would have been the largest tax increase in american...
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Dec 31, 2012
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people don't understand how much damage we're doing to the economy if this goes on for a month and a half. >> thank you. >>> the moment of truth for republicans. are they willing to put country ahead of party and make a deal? and again, other big story we're following tonight, secretary of state hillary clinton admitted to new york presbyterian hospital. she has a blood clot following the concussion she suffered this month. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or flori
people don't understand how much damage we're doing to the economy if this goes on for a month and a half. >> thank you. >>> the moment of truth for republicans. are they willing to put country ahead of party and make a deal? and again, other big story we're following tonight, secretary of state hillary clinton admitted to new york presbyterian hospital. she has a blood clot following the concussion she suffered this month. [ male announcer ] it's that time of year again. time...
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Jan 3, 2013
01/13
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to have a fight over that is to say the united states should throw the economy of the world into catastrophe. that should not happen. in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you have don't pay our ran sam. dr ran some. -- ransom. >> you just said there should not be a fight over the debt ceiling but will there be? is there anything about the history of this issue that suggests there won't be a fight? >> there will be a fight unless the president takes it off the table by invoking his ability to say i'm going to ignore the debt ceiling when and if it -- when and if it says that we can't pay the bills that are lawfully incurred because that would violate the 14th amendment. if the president is willing to invoke the 14th amendment, he can take it off the table. the republicans would yell and scream but he's has the right to invoke the 14th amendment and the republicans can take it to court. >> we're going to bring in our panel. hi, guys. good to see you all. >>
to have a fight over that is to say the united states should throw the economy of the world into catastrophe. that should not happen. in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you have don't pay our ran sam. dr ran some. -- ransom. >> you just said there should not be a fight over the debt ceiling but will there be? is there anything about the history of...
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Dec 26, 2012
12/12
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. >>> i think the president is steward of this economy needs to try to reach the big compromise with speaker boehner and the two men came very close. >> all right. let's check in and say good morning to nbc news correspondent mike vi cara now. >> they have indicated they would be back on the 27th and doing the math and take in to account the time zone differences, the president will be arriving back in washington. wheels down on the white house sometime in the late morning tomorrow. one problem, there won't be a house of representatives session. it appears to greet him when he gets back. and john boehner, the speaker out house, the individual with whom the president is negotiating for, gosh, a year and a half now and trying to do a lot of things and trying to avert the fiscal cliff, no plans announced for him to return to washington. the house of representatives, their public stand, the republican leadership at any rate is that it is up to the senate to act. and the president before he left for hawaii last friday pointed out that there is a senate bill. he said he'll try to get a sma
. >>> i think the president is steward of this economy needs to try to reach the big compromise with speaker boehner and the two men came very close. >> all right. let's check in and say good morning to nbc news correspondent mike vi cara now. >> they have indicated they would be back on the 27th and doing the math and take in to account the time zone differences, the president will be arriving back in washington. wheels down on the white house sometime in the late morning...
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Jan 1, 2013
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economy both short and long term? daniel gross is a columnist and business editor. good morning. >> good morning. happy new year. >> happy new year to you too. when we wake up tomorrow how do you expect the markets to react to the deal in the senate if that is still all we have left? >> we'll get the first reactions before we wake up tomorrow. the markets open in asia and europe and we often take our cues from that. yesterday during the afternoon as the deal came into focus the stock market rail antidepressant closed up more than 1%. i think the reaction is generally favorable not just that we've averted this horrible cliff but you look at the -- in the deal the tax on capital gains and dividends which are things that investors care about. you know, they're getting off very lightly. they're not going up that much. i think overall it is quite positive. that's assuming the house passes it today or indicates that they will pass it this week. >> now if the bill goes down in defeat in the house and we do officially go over that cliff at least for a short time what kind o
economy both short and long term? daniel gross is a columnist and business editor. good morning. >> good morning. happy new year. >> happy new year to you too. when we wake up tomorrow how do you expect the markets to react to the deal in the senate if that is still all we have left? >> we'll get the first reactions before we wake up tomorrow. the markets open in asia and europe and we often take our cues from that. yesterday during the afternoon as the deal came into focus...
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Dec 28, 2012
12/12
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it's bad for the families and it's bad for our nation's economy. we talked to people of this country about middle-class tax cuts. they're overwhelming keep it for us, but for the upper 2% who have done on average very well, let it go. so i'm more than frustrated, more than disappointed, and i think the people of this country really in the next few days need to pick up the phones and call their members of congress. let's hear from them. we just cannot continue to be stymied by i think a -- a party that has been radicalized. the republican conference is a very different place than i knew 10, 20 years ago as a member of the ways & means committee, where we could get together and get things done. it's very difficult to do it now. the president is meeting with the leaders. i hope we can move off of dead center. >> congressman sander levin, thank you for your time. i appreciate it. thank you. >>> wrestle joann reid, doug thornle is a democratic strategist and former national press secretary for the dccc. and gang, it's great to have all of you here we he
it's bad for the families and it's bad for our nation's economy. we talked to people of this country about middle-class tax cuts. they're overwhelming keep it for us, but for the upper 2% who have done on average very well, let it go. so i'm more than frustrated, more than disappointed, and i think the people of this country really in the next few days need to pick up the phones and call their members of congress. let's hear from them. we just cannot continue to be stymied by i think a -- a...
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Jan 1, 2013
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the program has gotten cut back with the economy and the fiscal concerns. but our police officers are integrated into our community. i believe that marlboro school children see police officers and look at them as somebody to protect, somebody safe. somebody to go to. and i don't think it's going to cause any fear. it's going to be a comforting, it's going to be safety. it's going to make them feel better and could act as a deterrent. >> thank you so much for joining us. happy new year. >> happy new year to you. >> thank you. >>> coming up with a half hour to go until the house returns we head back to washington to dig in on the fiscal cliff. >> happy new year. [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains
the program has gotten cut back with the economy and the fiscal concerns. but our police officers are integrated into our community. i believe that marlboro school children see police officers and look at them as somebody to protect, somebody safe. somebody to go to. and i don't think it's going to cause any fear. it's going to be a comforting, it's going to be safety. it's going to make them feel better and could act as a deterrent. >> thank you so much for joining us. happy new year....
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Dec 31, 2012
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you have to focus on growing the economy from the bottom up not the top down. >> what would be needed on the house side is a couple dozen republicans to move over and agree with any bill that might go over and be passed back to the house. there is a new headline in "new york" magazine. it reads this. why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's ability to handle his entire second-term agenda. do republicans sense a little weakness here, an opportunity? could the president's concession hurt his ability later on to negotiate with the gop? >> no. i think he is doing what needs to be done. unfortunately, this president hasn't operated or led this country like keith's former boss, president clinton, who understood the art of negotiation and actually getting there and rolling up his sleeves and having discussions well before everyone's back is against the wall. i can't believe i'm saying it but i am encouraged to see joe bide nen there and talking with mit
you have to focus on growing the economy from the bottom up not the top down. >> what would be needed on the house side is a couple dozen republicans to move over and agree with any bill that might go over and be passed back to the house. there is a new headline in "new york" magazine. it reads this. why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's...
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Dec 27, 2012
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don't have to vote for a tax increase, which to me is absolutely ridiculous in terms of serving the economy and the country, but i guess the politics makes sense to some of these guys. >>> jared bernstein, thank you. the storm is coming. look at that storm, the symptom is coming behind you. >> you weren't talking about a fiscal storm -- >> i'm talking about a storm storm. the clouds look ominous behind you. >> in washington you have to get your metaphors straight. >> i will work on them. thank you, jared. >>> my next guess issued the following warning. we're about to see tea party 2.0, when boehner sells us out. the question is when, not if, the ahead party will be back. the found judson phillips was talking about john boehner making a deal. judson phillips joins me. good to have you here, your first reaction to what i've seen taking place. how can you be so critical of the speaker when he has bakley dug in and nothing is getting done? >> well, it's -- first of all good morning, thomas. it's easy to be critical, because he hasn't done anything he entire two years he's been speaker other tha
don't have to vote for a tax increase, which to me is absolutely ridiculous in terms of serving the economy and the country, but i guess the politics makes sense to some of these guys. >>> jared bernstein, thank you. the storm is coming. look at that storm, the symptom is coming behind you. >> you weren't talking about a fiscal storm -- >> i'm talking about a storm storm. the clouds look ominous behind you. >> in washington you have to get your metaphors straight....
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Jan 1, 2013
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benedict hopes peace will prevail in 2013, despite recent acts of terrorism and instability in the world economy. there you see the pontiff this morning celebrating new year's mass at st. peter's basilica. >>> organizers in southern california applied the finishing touches to the mobile flower arrangements that will make up the 124th tournament of roses parade. this year's grand marshal is the famed chimpanzee researcher jane gooda goodall. you can watch the parade beginning at 11:00 a.m. eastern on your local nbc station. >>> well, he's not only the commander in chief, he is also first in fitness. president obama is out to promote physical activity and healthy living by awarding citizens who stick to a six-week health and exercise program, something called the presidential active lifestyle award. health and fitness expert donna richardson joyner is not only a member of the president's council on fitness, sports and nutrition, she is author of the book "witness to fitness." good morning and happy new year. >> good morning! happy new year to you, chris. >> all right, so, it's going to be a happy
benedict hopes peace will prevail in 2013, despite recent acts of terrorism and instability in the world economy. there you see the pontiff this morning celebrating new year's mass at st. peter's basilica. >>> organizers in southern california applied the finishing touches to the mobile flower arrangements that will make up the 124th tournament of roses parade. this year's grand marshal is the famed chimpanzee researcher jane gooda goodall. you can watch the parade beginning at 11:00...